The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-11-19

hrs, and poor occoW
The - = bad bb. =. CEASED ' q: ship
season and - q necessary consequence
the force has been cut down, though but
Lightly, as compared with the decrease
Pmade in the working lorccs of other
mines. shipments may be made during
the winter TO local furnaces, but the less
ore now removed from the mine the bet
ter Il win be for IL, as all Of the ore that
should be mined before considerable dead
work Is done has been taken out. The
40. 900 tons were notshipped as was CAL
culated, the seasons output being less
than 80 900 tons, which is remarkable
record for so young a property. The
spur track which should have been COM
Melted early in June did not reach the
mine until the middle OF August, other
wise the mine could easily have achieved
a shipment OF 80, 900 tons the past sea-
son. This property has far exceeded the
most sanguine expectations OF it's owners
and all others. The ore ia one of the
most desirable nom Bessemers sent to
market and IL much sought for, furnace
men taking very kindly TO il for n new
ore and speak Of IL in the highest terms
OF praise. This property gives every evil
dence of developing into one OF the largest
ore producers in this district. Supt. Il.
Florada is OF the opinion that the mine
could be put in condition 10 market
100000 tons OF ore next season, every
thing being favorable. Dead work has
been commenced and will be carried on
very rapidly during the winter months,
II being necessary to push things In order
TO accomplish the work laid out. Aspace
OF surface two hundred feet i'm length,
IL. At. IL
five feet will be removed, two shafts, one
100 feet deep and one TO a depth OF 100
ieet will be lowered two hundred feet
apart and jviDed from the bottom by
drift ia which will be tram truck and
mill holes will be run down To the drift
from the open pit above, another pocket
will be built, second skip put in, more
dock room added and number Of other
changes OF lesser consequence will be made.
Two hundred tons OF Dunn ore has been
sent to the Gogebic furnace ut Iron River
for trial.
A home company to be known as the
Iron County Exploring Co., Is being or
ganized to work an option held by III. G..
kimball on the east bali of the north
east quarter Of section twenty-nine. Ex-
ploratory work has been carried ON here
Tor some time by Mr., Kimbnll. and a.
party OF Milwaukee, gentlemen. The
iaSter, however, have withdrawn, leaving
the option free to Mr.. Kimball who IN
the prime mover I'm organizing the new
company and retains a one-fourth OF the
property. The stoclxswill be divided into
twenty Shares which will be given, 70. the
stock holders who'w win fhaintain their in
terests by paying likcportions OF the ex-
penses accrued IN working the property,
AS for instance, N person owns sme siiaret
he will pay atwentieth part OF the expense
OF the company. AT this writing the
stock holders are: j. III. Parks, two
f5criowitz. tsiss share Fisher K Rau, two
shares Vim. Doucet, two shares; Ohm K
Hopkins, two shares; Chas. :. Henry,
one share; w. III. Willerling, one share !;
Davis & Brown, two shares; the remain
ing five shares are already spoken for.
A pit ON the property il now down fifty
ieet and the prospect OF botts,ming in
the ore il very bright. DIR. Kimball has
put down three other pits ON the proper
ty, but the last one, now being worked,
gives every evidence that the ore body
will be found with "a very little more
work. A home company il n benefit TO
the town all around and IL mine IL
found Crystal Falls people will be the
winners and not the capitalists ~ Is
usually the case.
The receipts for the week were about
32 900 tons, and the shipments 81 300
tons. The sales were limited, being con-
fined TO few small lots OF n-Bessemer
hematites, at figures said TO be below
$50. Despite the rough weather on
the lakes the ore contracted for by the
fIrnacemen IN being hurried down with
all possible rapidity. There have been
practically no charters during the week,
vessels having left ON their last trip Tor
the season. Vcsselmcn still refuse to
make any concessions whatever Tor next
season, although ore men every where
say that freight will be forced down fifty
per cent. by the advent of new ships and
the consequent decentralization OF the
vessel owners pooh Nearly all the
mines are now shut down. Careful esti-
mates of the business done during the
past week by local dealers place the sales
1T 800 tons. on this amount about
1000 tons were non-Besscmer. We
quote without change:
No. l Speculnr and magnetic beSse- -
mer ORES per ton. ..-...,.......,-.Sf uom4 %
10 spccular mon Bcssenerl ores
per tOils..s...,.Y vutO %
neenemer Hcmnfitc~. .................... 75a6 20
Non Bessefner Hematitca. -,........... OOtt5 90
Cleveland Iron Trade Review.
No work il now being done IN the main
shaft nt the Lee Peek mine, but a series
= exploratory pitting II going ON. a pit
kaa put down distance OF three hum
drcd and sevcnty-iour feet nearly north
OF the main shaft, which bottomcdin ore.
A pit Il now being lowered seven hun
drcd feet about north Of the main shaft
la which the Indications Of encounteIlng
thc ore are decidedly encouraging The